CBOE Short-term VIX Index Values Now Disseminated Every 15 Seconds

CBOE Short-term VIX Index Values Now Disseminated Every 15 Seconds
PR Newswire
CHICAGO, Nov. 18, 2013
CHICAGO, Nov. 18, 2013 /PRNewswire/ --Chicago Board Options Exchange,
Incorporated^® (CBOE^®) today announced that it has expanded the frequency for
disseminating values on its recently created CBOE Short-term Volatility
Index^SM (VXST^SM index). VXST index values now are generally disseminated
every 15 seconds during the trading day versus once a day previously, allowing
traders to track intra-day volatility of the index.
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Short-term VIX index values are available on CBOE's website at
www.cboe.com/VXST and through quote data vendors.
CBOE began disseminating values on the Short-term VIX index on October 1. Like
CBOE's flagship CBOE Volatility Index^® (VIX^® index), the Short-term VIX
index reflects investors' consensus view of expected stock market volatility.
Whereas VIX has a 30-day horizon, the Short-term VIX looks out just nine days,
making it particularly responsive to changes in short-term volatility
triggered by market events, such as earnings, government reports and Fed
announcements.
Plans call for CBOE and CBOE Futures Exchange, LLC (CFE^®) to introduce
Short-term VIX Weeklys^SM options and futures in the first quarter of 2014,
pending regulatory approval.
A complete overview of the VXST Index can be found at www.cboe.com/VXST.
Additional information on all of CBOE's volatility products can be found at
www.cboe.com/Volatility.
CBOE is the home of volatility trading. An innovator in the volatility space
and leading creator of measures that track market volatility, CBOE currently
publishes data on more than two dozen volatility-related benchmarks and
strategies, including indexes that track broad-based indexes, sector and
commodity-related ETFs, individual equities and others. Additional
information on CBOE's volatility products can be found at
www.cboe.com/Volatility.
About CBOE Holdings
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board
Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other
subsidiaries. CBOE, the largest U.S. options exchange and creator of listed
options, continues to set the bar for options and volatility trading through
product innovation, trading technology and investor education. CBOE Holdings
offers equity, index and ETP options, including proprietary products, such as
S&P 500 options (SPX), the most active U.S. index option, and options and
futures on the CBOE Volatility Index (the VIX Index). Other products
engineered by CBOE include equity options, security index options, LEAPS
options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite
Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and
www.cboe.com, the go-to place for options and volatility trading resources.
CBOE-OE
CBOE-EF
CBOE^®, Chicago Board Options Exchange^®, CFE^®, FLEX^®, LEAPS^®, CBOE
Volatility Index^® and VIX^® are registered trademarks, and BuyWrite^SM,
BXM^SM, CBOE Futures Exchange^SM, CBOE Short-Term Volatility Index^SM, Execute
Success^SM, SPX^SM, The Options Institute^SM, VXST^SM and Weeklys^SM are
service marks of Chicago Board Options Exchange, Incorporated (CBOE). Standard
& Poor's^®, S&P^® and S&P 500^® are registered trademarks of Standard &
Poor's Financial Services, LLC and have been licensed for use by CBOE and CFE.
SOURCE CBOE Holdings, Inc.
Website: http://www.cboe.com
Contact: Media Contacts: Gail Osten, (312) 786-7123, osten@cboe.com, Gary
Compton, (312) 786-7612, comptong@cboe.com, Analyst Contact: Debbie Koopman,
(312) 786-7136, koopman@cboe.com